Stanley Furniture (OTCMKTS:STLY) Shares Cross Above Two Hundred Day Moving Average of $0.57

Shares of Stanley Furniture Co. (OTCMKTS:STLY) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.57 and traded as high as $0.56. Stanley Furniture shares last traded at $0.56, with a volume of 1,000 shares trading hands.

The company has a 50 day moving average of $0.57 and a 200-day moving average of $0.57.

Get Stanley Furniture alerts:

In other Stanley Furniture news, major shareholder Solas Capital Management, Llc acquired 50,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of $0.55 per share, for a total transaction of $27,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased a total of 56,000 shares of company stock valued at $30,800 over the last 90 days. 24.30% of the stock is currently owned by company insiders.

Stanley Furniture Company, Inc is a design, marketing and sourcing resource in the wood residential furniture market. The Company’s segment is sale of residential wood furniture products. The Company markets its brands through a network of brick-and-mortar furniture retailers, online retailers and interior designers around the world.